They are vastly underestimating the insolvency of the current higher education system. The bottom line reality is that college certification is a fraud supported and sustained by the federal government, which has more to do with employing bureaucrats than in giving people a worthwhile education.

Since the study was conducted by Bain Capital, college administrators will likely not even read its findings, let alone consider its merits for even a millisecond. And they can get away with that, because no one in their own little fiefdoms will question them about it.